Residential Land in Growing
For Sale
$54,500
5034 VERMONT Street, Detroit, MI 48208
LAND - Detroit, MI
Property SizeContact for details
Lot Size0.09 Acres
Days on Market849
Property Features for 5034 VERMONT Street
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
SUB OF LOT 1 LAFFERTY FARM N OF GD RIVER (PLATS)
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
N. Warren, W. Rosa Parks
Standard status
Active
APN
08008430.
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
E VERMONT N 30 FT OF S 155 FT O L 9 SUB OF LOT 1 LAFFERTY FARM L1 P230 PLATS, W C R 8/58 30 X 130
Legal Description
E VERMONT N 30 FT OF S 155 FT O L 9 SUB OF LOT 1 LAFFERTY FARM L1 P230 PLATS, W C R 8/58 30 X 130
Utilities
Water source
Public
Listing Agency:
Bellabay Realty Tri Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Added: Apr 17, 2024
Changed: May 13
Last Checked: Aug 13 at 2:06AM
MLS# 20240024963
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential land is located in a growing Detroit community, situated a few minutes from Downtown Detroit, Corktown, and major expressways I-75 and I-96. The lot, measuring 30x130, is zoned for residential and multifamily projects. Interested buyers should consult proposal guidelines for new build opportunities. It is recommended to review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. The lot size is 0.09 acres.
Key Highlights
- Prime location near Downtown Detroit, Corktown, and major expressways I‑75 and I‑96.
- Zoned for both Residential and Multifamily projects.
- Located in a growing and vibrant community.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,828
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land in vibrant Detroit community, near downtown and expressways.
Where is this residential land & home lot located?
The property is located at 5034 VERMONT Street Detroit, MI.
What is the asking price?
The asking price for this property is $54,500.
What are key features of this property?
This property features: Prime location near Downtown Detroit, Corktown, and major expressways I‑75 and I‑96.; Zoned for both Residential and Multifamily projects.; Located in a growing and vibrant community.
